Oakmark U.S. Large Cap ETF (OAKM) Valuation
OAKM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 19.3 trailing earnings
- Forward P/E
- 11.8 analyst estimates
- Price / sales
- 1.78
- Price / book
- 2.22
- EV / EBITDA
- 10.5
- Earnings yield
- 5.18% inverse of P/E
- Dividend yield
- 1.42% of the holdings
- Return on equity
- 11.5% combined
- Net margin
- 9.2% combined
- Beta
- 0.93 weighted, vs S&P 500
OAKM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| OAKM | 19.3 | 11.8 | 1.78 | 2.22 | 1.42% | 11.5% | 9.2% | 0.0% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
OAKM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 32.7% | 15.6 | 10.6 | 2.55 | 1.56 | 1.68% | 10.0% |
| Healthcare | 13.3% | 25.7 | 13.5 | 1.16 | 2.62 | 1.09% | 10.2% |
| Technology | 11.7% | 14.9 | 9.9 | 1.63 | 2.22 | 1.15% | 14.9% |
| Industrials | 10.7% | 23.1 | 9.6 | 1.62 | 2.20 | 1.43% | 9.5% |
| Consumer Cyclical | 8.8% | 28.6 | 13.9 | 1.25 | 3.26 | 0.94% | 11.4% |
| Communication Services | 6.2% | 21.1 | 20.7 | 7.52 | 7.67 | 0.19% | 36.4% |
| Energy | 6.1% | 22.8 | 16.2 | 3.15 | 4.00 | 2.01% | 17.5% |
| Consumer Defensive | 5.5% | 28.9 | 13.3 | 0.98 | 2.51 | 2.67% | 8.7% |
OAKM earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How OAKM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
OAKM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CRM | Salesforce, Inc. | 4.26% | 22.0 | 14.0 | 4.5 | 0.73% | 3.93% |
| ABNB | Airbnb, Inc. | 3.85% | 39.6 | 25.4 | 7.9 | — | 1.97% |
| WTW | Willis Towers Watson Public Limited Company | 3.56% | 19.5 | 13.1 | 2.9 | 1.22% | 3.70% |
| KDP | Keurig Dr Pepper Inc. | 3.53% | 35.0 | 12.5 | 2.3 | 2.66% | 2.05% |
| ELV | Elevance Health Inc. | 3.43% | 19.0 | 13.7 | 0.5 | 1.61% | 3.68% |
| ICE | Intercontinental Exchange, Inc. | 3.36% | 22.8 | 18.1 | 8.6 | 1.29% | 2.99% |
| COF | Capital One Financial Corporation | 3.19% | 13.0 | 8.5 | 2.6 | 1.59% | 5.00% |
| COP | ConocoPhillips | 3.19% | 19.4 | 12.7 | 2.7 | 2.29% | 3.34% |
| FISV | Fiserv, Inc. | 3.16% | 9.1 | 5.7 | 1.2 | — | 7.03% |
| C | Citigroup Inc. | 3.15% | 12.1 | 10.2 | 2.5 | 2.16% | 5.29% |
| AIG | American International Group, Inc. | 3.03% | 14.8 | 8.5 | 1.6 | 2.48% | 4.16% |
| STT | State Street Corporation | 3.00% | 13.5 | 11.9 | 2.9 | 2.22% | 4.50% |
| TRGP | Targa Resources Corp. | 2.93% | 28.2 | 23.2 | 3.8 | 1.70% | 2.11% |
| DAL | Delta Air Lines, Inc. | 2.90% | 15.0 | 9.2 | 0.7 | 1.14% | 3.91% |
| UNP | Union Pacific Corporation | 2.89% | 23.4 | 19.3 | 6.8 | 1.97% | 2.50% |
| IQV | IQVIA Holdings Inc. | 2.85% | 33.2 | 18.4 | 2.6 | — | 1.74% |
| GPN | Global Payments Inc. | 2.69% | 39.3 | 5.3 | 2.2 | 1.20% | 1.39% |
| ZBH | Zimmer Biomet Holdings, Inc. | 2.66% | 23.1 | 10.1 | 2.1 | 1.01% | 2.33% |
| SCHW | The Charles Schwab Corporation | 2.61% | 15.7 | 12.9 | 5.9 | 1.39% | 3.37% |
| BAC | Bank of America Corporation | 2.58% | 12.2 | 10.8 | 3.1 | 2.50% | 4.29% |
| MRK | Merck & Co., Inc. | 2.56% | 115.8 | 15.3 | 5.4 | 2.33% | 0.45% |
| VYLR | Vylor Inc. | 2.45% | 103.1 | — | 2.7 | — | 0.48% |
| ACN | Accenture plc | 2.45% | 16.9 | 12.4 | 1.9 | 2.98% | 2.93% |
| R1D | AERCAP HOLD | 2.29% | — | — | — | — | — |
| FCNCA | First Citizens BancShares, Inc. | 2.26% | 11.4 | 10.8 | 2.6 | 0.40% | 4.03% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About OAKM valuation
Adding up its 36 holdings with company data, OAKM trades at 19.3 times trailing earnings and 11.8 times analysts' forward estimates, with a price-to-book ratio of 2.22 and a dividend yield of 1.42%. Its earnings yield of 5.18% is 0.15 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.7% of the fund and earn 39.0% of its combined profit. By sector, Consumer Defensive is the most expensive at 28.9 times earnings and Technology the cheapest at 14.9. Companies that lost money over the past year are 0.0% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 96.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: OAKM chart, OAKM performance, OAKM holdings, OAKM dividends.
OAKM valuation FAQ
What is the P/E ratio of OAKM?
Based on its holdings, OAKM has a trailing P/E of 19.3 and a forward P/E of 11.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of OAKM?
The trailing earnings yield is 5.18% (1 ÷ P/E) and the forward earnings yield 8.49%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is OAKM more expensive than the S&P 500?
OAKM trades at 19.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.8 and 19.9.
What is the price-to-book ratio of OAKM?
The holdings of OAKM trade at 2.22 times book value, with a combined return on equity of 11.5%.
Which sector in OAKM has the highest P/E?
Consumer Defensive has the highest P/E at 28.9 and Technology the lowest at 14.9.